Cheaper oil: Both symptom and balm | The Economist

[alice malice]

Here's oil in graphs. Take a look at non-OECD demand, it is moving up
quickly, as OECD demand declines, and notice that non OPEC supply is
passing through OPEC supply.

Global GDP is shifting from the OECD to the EM and Developing world.
So the poorer nations are moving up as the rich ones stagnate, and it
is these developing and poorer nations that are and will be demanding
all the energy.

There is an advantage to "backwardness"
 in that poor nations can install the latest technology and leapfrog
over the track that developed nations set down. Some of this is
happening the BRICS, so Hydro-electric plants in Brasil, but to get
the developing world to leapfrog into greener and cleaner energy takes
capital investment and stability. Both are improving as credit is
cheap and, even with Syria and Ukraine and etc. the world is more
stable now than ever.

Peace is good for economies and so is love.

On Sun, Oct 19, 2014 at 6:51 AM, alice malice <alicewmalice at gmail.com> wrote:
> Saudi  Arabia and the USA are working together against Iran and Russia
> and Syria. This is the biggest thing going on in oil. SA production
> costs are super low, but it needs a price around 80 to balance its
> budget, but it can run deficits because it has great credit and it is
> willing to do so to keep its customers and keep the USA happy and
> Russia and Iran unhappy.
>
> As far as the US consumer, she will spend those dollars saved at the
> pump and more.
>
> Demand for oil is still rising and will continue to rise, though a bit
> soft now as China soft lands here, it will pick up and climb for the
> foreseeable future. Oil is a plenty and the demand will be there too.
>
> The technology is improving so quickly, the US may be able to reduce
> production cost of WTI to 40 inside a decade.
>
> What a difference a decade makes.
>
> Will this put an end to the middle east obsession? Will Israel need a
> new game plan?
>
> We can hope.
>
>
>
> On Sun, Oct 19, 2014 at 4:51 AM, Mark Kohut <mark.kohut at gmail.com> wrote:
>> The compounding growth rate of renewable energy sources---still only a small
>> part---some say 13-20% MAYBE, is happening and is the hope.
>>
>>
>>
>> Sent from my iPad
>>
>> On Oct 18, 2014, at 8:04 PM, Ian Livingston <igrlivingston at gmail.com> wrote:
>>
>> I really hope we give up the search for that and look for the most
>> harmonious balance instead.
>>
>>
>> On Sat, Oct 18, 2014 at 4:57 PM, Mark Kohut <mark.kohut at gmail.com> wrote:
>>>
>>> The world and total energy consumption, oil vs. renewables, is a HUGE
>>> number and very complex, is all.
>>>
>>> there is, of course, an upper limit to the amount....where is that limit?
>>>
>>> Sent from my iPad
>>>
>>> > On Oct 18, 2014, at 6:17 PM, Becky Lindroos <bekker2 at icloud.com> wrote:
>>> >
>>> > Airline tickets are down short-term - two weeks or more advance and
>>> > they’re about the same or up.
>>> >
>>> > Bekah
>>> >
>>> >> On Oct 18, 2014, at 3:05 PM, Mark Kohut <mark.kohut at gmail.com> wrote:
>>> >>
>>> >>
>>> >>
>>> >> http://www.economist.com/news/finance-and-economics/21625819-oil-price-tumbling-good-or-bad-news-world-economy-both?fsrc=scn/tw/te/pe/bothsymmptomandbalm
>>> >>
>>> >>
>>> >> Sent from my iPad-
>>> >> Pynchon-l / http://www.waste.org/mail/?list=pynchon-l
>>> >
>>> > -
>>> > Pynchon-l / http://www.waste.org/mail/?list=pynchon-l
>>> -
>>> Pynchon-l / http://www.waste.org/mail/?listpynchon-l
>>
>>
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